West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 10, 2026 is estimated to be $533 Million, with a cash option of 244.2 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of West Virginia, your state will take 6.5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

West Virginia MEGA Millions Jackpot/Cash Option for Tue Mar 10, 2026

Draw Date	Jackpot	Cash Option
Tue Mar 10, 2026	$533,000,000	$244,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$244,200,000
Federal Tax(24%)	$58,608,000
Additional Federal Tax	$31,706,330
State Tax(6.5%)	$15,873,000
Net Lumpsum Payment	$138,012,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,022,183	-$2,928,538 -$521,442	$4,572,203
2	$8,423,532	-$3,077,037 -$547,530	$4,798,965
3	$8,844,602	-$3,232,833 -$574,899	$5,036,870
4	$9,286,992	-$3,396,517 -$603,654	$5,286,821
5	$9,751,235	-$3,568,287 -$633,830	$5,549,118
6	$10,238,930	-$3,748,734 -$665,530	$5,824,666
7	$10,750,610	-$3,938,056 -$698,790	$6,113,764
8	$11,288,407	-$4,137,041 -$733,746	$6,417,620
9	$11,852,854	-$4,345,886 -$770,436	$6,736,532
10	$12,445,550	-$4,565,184 -$808,961	$7,071,405
11	$13,067,561	-$4,795,328 -$849,391	$7,422,842
12	$13,721,019	-$5,037,107 -$891,866	$7,792,046
13	$14,406,990	-$5,290,917 -$936,454	$8,179,619
14	$15,127,606	-$5,557,545 -$983,294	$8,586,767
15	$15,883,933	-$5,837,386 -$1,032,456	$9,014,091
16	$16,678,103	-$6,131,228 -$1,084,077	$9,462,798
17	$17,511,715	-$6,439,665 -$1,138,261	$9,933,789
18	$18,387,434	-$6,763,681 -$1,195,183	$10,428,570
19	$19,306,859	-$7,103,868 -$1,254,946	$10,948,045
20	$20,272,122	-$7,461,016 -$1,317,688	$11,493,418
21	$21,285,888	-$7,836,109 -$1,383,583	$12,066,196
22	$22,350,289	-$8,229,937 -$1,452,769	$12,667,583
23	$23,467,457	-$8,643,289 -$1,525,385	$13,298,783
24	$24,641,123	-$9,077,546 -$1,601,673	$13,961,904
25	$25,872,886	-$9,533,298 -$1,681,738	$14,657,850
26	$27,167,010	-$10,012,124 -$1,765,856	$15,389,030
27	$28,525,094	-$10,514,615 -$1,854,131	$16,156,348
28	$29,951,402	-$11,042,349 -$1,946,841	$16,962,212
29	$31,449,132	-$11,596,509 -$2,044,194	$17,808,429
30	$33,021,482	-$12,178,279 -$2,146,396	$18,696,807